Tier-one PV manufacturer JinkoSolar has said its new production facility for solar cells and modules in Malaysia has started ramping on schedule and was expected reach capacity within two months.
Chinese manufacturer BYD Company is to build a 400MW PV module assembly plant in Brazil at a cost of around US$50 million, adding to its planned electric bus manufacturing facility in the state of São Paulo.
The parent company of Hanergy Thin Film Power (Hanergy TF) has insisted the firm is in good financial condition despite its shares almost halving in value yesterday.
Major tier-one PV manufacturer JA Solar said it was building a 400MW solar cell plant in Penang, Malaysia as well as adding capacity for high-performance monocrystalline and multicrystalline cells and modules, while establishing a JV module partnership with Essel in India.
Integrated PV module manufacturer SolarWorld said its Passivated Emitter Rear Cell (PERC) technology had proved a big hit in the US market and would reach 430MW of production capacity at its US-based plant in Hillsboro, US in the second quarter of 2015.
Sharp Corporation reported its Solar Cells unit significantly increased sales and operating income in FY2014 due to strong domestic demand and its shift to downstream PV mega-solar project business.
The acquisition of PV module manufacturer REC Solar was said to have been completed by Norway-based Elkem Group, owned by Chinese investment firm China National Bluestar Group.
Major merchant solar cell producer Neo Solar Power (NSP) reported first quarter 2015 sales down around 37% from the same period a year ago as demand remained weak.
